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The Correspondent Banking Group is the entrance to CIB for financial institutions aiming to start cooperation in specific areas of potential mutual interest in general and major projects in specific. This aims at directing business dialogue internally in a focused manner and maintaining the overview on the relationship as a whole.
In the area of trade finance, directing and monitoring business of letters of credit, letters of guarantee, documenting collection and forfeiting activities in addition to negotiation of pricing for larger deals is a responsibility of the Correspondent Banking Group. Programs such as USAID, KFW, Arab Trade Finance and GSM plus Buyers Credit Agreements, etc related to trade finance also fall under this responsibility. Crossborder Asset Allocation Being the partner to discuss CIB's participation in syndicated loans and other potential areas of interest in crossborder asset allocation is another area of responsibility of Correspondent Banking. Funding Issues CIB has always maintained a well-planned strategy in funding matters. Correspondent Banking is the partner in the dialogues seeking introducing the various sources and instruments of funding to our bank. The syndicated loans in 1997, 1999 and the year 2000 were handled by Correspondent Banking. Products & Clearing Services A continuous target of Correspondent Banking is to introduce CIB's services and expertize in the areas of Treasury, Custody, Project Finance, Brokerage and Clearing.
For further information, please contact:
Mr. Amr El Ganainy
Mr. Mounir Aziz Yassin
Nostro Correspondent Banks
Other Correspondents
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